(16 JULY 2018)AUD/USD:The bias remains bullish.

(16 JULY 2018)AUD/USD:The bias remains bullish.

16 July 2018, 10:20
Jiming Huang
0
46

aud

Pivot (invalidation): 0.7400

Our preference

Long positions above 0.7400 with targets at 0.7430 & 0.7445 in extension.

Alternative scenario

Below 0.7400 look for further downside with 0.7385 & 0.7370 as targets.

Comment

The break above 0.7400 is a positive signal that has opened a path to 0.7430.

(By Swissquote TRADING CENTRAL) 

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